Fit the magnetron conversion. You don’t have to remove the flywheel then which if you don’t have the right tools is difficult. I fitted it to the Briggs on my Wizard and it’s quite easy to fit. Also a good idea to overhaul the carb and fit a new plug too. Contact Briggsbits for parts.
Recently, I fitted a 5.5HP Chinese built Honda copy which cost less than re-building the Briggs (£117) Only required a mod to the belt tensioner, otherwise it was straightforward.
Merry Tiller spares on line stock many of the other parts you may need.
So yes, the Wizard is worth restoring. I’ve had mine 4 years now and it’s given sterling service and was worth the expense.